Bloomberg to buy BNA for $990M
Bloomberg is acquiring Arlington-based BNA, an information and research provider in the Legal & Business, Tax & Accounting, and Human Resources areas.
The acquisition gives a shot in the arm to Bloomberg’s Washington, DC presence especially for the recently launched Bloomberg Government as well as Bloomberg Law and, of course, Bloomberg News. BNA has more than 600 reporters, lawyers, and editors in the D.C., metropolitan area, along with a network of national and international correspondents.
Bloomberg will acquire all of the outstanding shares of BNA, which has been wholly owned by current and former employees since 1947, for $39.50
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